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Originally published by Citizen Digital
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August 21, 2025
2d ago

Kenya in talks with China to convert dollar SGR loan into yuan

Kenya in talks with China to convert dollar SGR loan into yuan

China is Kenya's biggest bilateral lender, and the country took on the debt to construct a $5 billion high-speed railway, one of the country's largest infrastructure projects to date......

✨ Key Highlights

Kenya is in discussions with China to convert a dollar-denominated railway loan into Chinese yuan. This move aims to leverage lower interest rates in China compared to the United States, potentially saving Kenya money and helping to alleviate its high risk of debt distress.

  • The loan was taken to construct a $5 billion high-speed railway, one of Kenya's largest infrastructure projects.
  • John Mbadi, an aide to Finance Minister John Mbadi, confirmed the talks to Reuters.
  • Kenya has been actively seeking ways to reduce its debt, following deadly protests last year over tax hikes.

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